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Cost of Production Report

Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From the Roasting Department, coffee beans are then transferred to the Packing Department. The following is a partial work in process account of the Roasting Department at July 31:

ACCOUNT Work in ProcessRoasting Department							ACCOUNT NO.
Date		Item	Debit		Credit		Balance
							Debit		Credit
July	1	Bal., 6,000 units, 4/5 completed					14,280
	31	Direct materials, 270,000 units	540,000				554,280
	31	Direct labor	106,600				660,880
	31	Factory overhead	26,600				687,480
	31	Goods transferred, 270,000 units			?
	31	Bal., ? units, 1/5 completed					?

Required:

1. Prepare a cost of production report, and identify the missing amounts for Work in ProcessRoasting Department. If an amount is zero, enter "0". When computing cost per equivalent units, round to two decimal places.

Hana Coffee Company
Cost of Production Report-Roasting Department
For the Month Ended July 31
Unit Information
Units charged to production:
Inventory in process, July 1			fill in the blank 785be1f6a009fbe_1
Received from materials storeroom			fill in the blank 785be1f6a009fbe_2
Total units accounted for by the Roasting Department			fill in the blank 785be1f6a009fbe_3
Units to be assigned costs:
		Equivalent Units
	Whole Units	Direct Materials	Conversion
Inventory in process, July 1	fill in the blank 785be1f6a009fbe_4	fill in the blank 785be1f6a009fbe_5	fill in the blank 785be1f6a009fbe_6
Started and completed in July	fill in the blank 785be1f6a009fbe_7	fill in the blank 785be1f6a009fbe_8	fill in the blank 785be1f6a009fbe_9
Transferred to Packing Department in July	fill in the blank 785be1f6a009fbe_10	fill in the blank 785be1f6a009fbe_11	fill in the blank 785be1f6a009fbe_12
Inventory in process, July 31	fill in the blank 785be1f6a009fbe_13	fill in the blank 785be1f6a009fbe_14	fill in the blank 785be1f6a009fbe_15
Total units to be assigned costs	fill in the blank 785be1f6a009fbe_16	fill in the blank 785be1f6a009fbe_17	fill in the blank 785be1f6a009fbe_18
Cost Information
Cost per equivalent unit:
		Direct Materials	Conversion
Total costs for July in Roasting Department		$fill in the blank 785be1f6a009fbe_19	$fill in the blank 785be1f6a009fbe_20
Total equivalent units		fill in the blank 785be1f6a009fbe_21	fill in the blank 785be1f6a009fbe_22
Cost per equivalent unit		$fill in the blank 785be1f6a009fbe_23	$fill in the blank 785be1f6a009fbe_24
Costs assigned to production:
	Direct Materials	Conversion	Total
Inventory in process, July 1			$fill in the blank 785be1f6a009fbe_25
Costs incurred in July			fill in the blank 785be1f6a009fbe_26
Total costs accounted for by the Roasting Department			$fill in the blank 785be1f6a009fbe_27
Costs allocated to completed and partially completed units:
Inventory in process, July 1 balance			$fill in the blank 785be1f6a009fbe_28
To complete inventory in process, July 1	$fill in the blank 785be1f6a009fbe_29	$fill in the blank 785be1f6a009fbe_30	fill in the blank 785be1f6a009fbe_31
Cost of completed July 1 work in process			$fill in the blank 785be1f6a009fbe_32
Started and completed in July	fill in the blank 785be1f6a009fbe_33
Transferred to Molding Department in July
Inventory in process, July 31
Total costs assigned by the Roasting Department

1. Calculate equivalent units for materials and conversion costs. Calculate the cost per equivalent unit for materials and conversion costs. Calculate the costs assigned to the beginning inventory, the units started and completed, and the ending inventory.

2. Assuming that the July 1 work in process inventory includes $11,400 of direct materials, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between February and July. If required, round your answers to the nearest cent.

	Increase or Decrease	Amount
Change in direct materials cost per equivalent unit	Increase
Change in conversion cost per equivalent unit	Decrease

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